Gqg Partners Inc. Stock Forecast
Gqg Partners Inc. stock upgraded to Strong Buy Candidate.
(Updated on Jun 28, 2024)
The Gqg Partners Inc. stock price gained 1.80% on the last trading day (Friday, 28th Jun 2024), rising from $2.78 to $2.83. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.90% from a day low at $2.76 to a day high of $2.84. The price has been going up and down for this period, and there has been a 2.54% gain for the last 2 weeks. Volume fell on the last day by -7 million shares and in total, 2 million shares were bought and sold for approximately $4.70 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.58% during the next 3 months and, with a 90% probability hold a price between $3.12 and $3.50 at the end of this 3-month period.
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GQG.AX Signals & Forecast
Mostly positive signals in the chart today. The Gqg Partners Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.75 and $2.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 6.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Monday, April 22, 2024 with a target of $2.51. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Gqg Partners Inc. stock
Gqg Partners Inc. finds support from accumulated volume at $2.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0800 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: $2.73 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (GQG.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gqg Partners Inc. to open at $2.81, and during the day (based on 14 day Average True Range), to move between $2.74 and $2.92, which gives a possible trading interval of +/-$0.0864 (+/-3.05%) up or down from last closing price. If Gqg Partners Inc. takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $2.69, some $0.140 (4.95%) from the current price of $2.83, our system finds the risk reward attractive.
Is Gqg Partners Inc. stock A Buy?
Gqg Partners Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.760 Strong Buy Candidate Upgraded
Predicted Opening Price for Gqg Partners Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $2.81 ( 0.707%) | $2.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GQG.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.89 | 2.12% |
| R2 | 2.86 | 1.04% |
| R1 | 2.84 | 0.373% |
| Price | 2.83 | |
| S1 | 2.78 | -1.79% |
| S2 | 2.76 | -2.45% |
| S3 | 2.73 | -3.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2.83 | |
| S1 | 2.69 | -4.95% |
| S2 | 2.35 | -16.96% |
| S3 | 2.31 | -18.37% |
GQG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | Jun 27, 2024 | $0.0496 | 1.78% |
| 2 | Feb 21, 2024 | Feb 21, 2024 | Feb 21, 2024 | $0.0428 | 2.05% |
| 3 | Oct 25, 2023 | Oct 25, 2023 | Dec 21, 2023 | $0.0408 | 2.52% |
| 4 | Aug 22, 2023 | Aug 22, 2023 | Sep 28, 2023 | $0.0366 | 2.67% |
| 5 | May 19, 2023 | May 19, 2023 | Jun 28, 2023 | $0.0314 | 2.28% |
FAQ
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